India Financial News

Mirwaiz Umar Farooq on Friday accused the Jammu and Kashmir police of violating the Election Commission of India guidelines by summoning, harassing and making youngsters sign surety bonds ahead of the assembly election. He said «tens of dozens of people» from across towns, villages and Srinagar city are being asked to report to the police stations.

viability gap funding (VGF) for 1,000 MW of offshore wind energy projects to be developed by the end of FY32 with an outlay of ₹6,853 crore. The contracts for the projects--to be developed off the coast of Gujarat and Tamil Nadu--will be awarded through international competitive bidding by the ministry of new and renewable energy through the Solar Energy Corporation of India. The outlay for the capacity addition was approved by the Cabinet in June. As per the proposed guidelines, the successful bidder or bidders will get to sign a power purchase agreement with a fixed tariff of ₹4.5 a unit for capacity in Gujarat and ₹4 a unit in Tamil Nadu. Bidders will be required to make technical and financial bids, and the lowest quoted VGF will get the highest capacity.

Competition Commission of India (CCI) will likely issue final orders by November on its four-year-long investigation into alleged anti-competitive practices by ecommerce giants Amazon and Walmart-backed Flipkart, said people aware of the development. The probe by the CCI's investigation wing, headed by director general Ansuman Pattnaik, has now corroborated the charge that the two companies have indulged in antitrust activities by extending preferential treatments to select sellers on their platforms, the people said. «The platforms' deep discounting through preferred sellers is distorting competition and the anti-competitive practices have been noticed across most product categories,» one of the persons told ET.

NCLT) has withdrawn its approval for the merger scheme between Zee Entertainment Enterprises and Sony Group Corporation's India media entities, Culver Max Entertainment and Bangla Entertainment. The order passed by the Mumbai bench of the NCLT on September 5 brings the curtain down on the failed merger deal that could have created India's second-largest media and entertainment company, rivalling the proposed Star India-Viacom18 combined entity. Zee had filed an application with the Mumbai bench of the NCLT on August 29, seeking recall of the NCLT order dated August 10, 2023, sanctioning the scheme of arrangement.

Rexas Finance (RXS) has been explosive in its strategy towards cryptocurrency, the reason is that RXS managed to sell out its first presale stage in less than 96 hours. At the same time, it is an indication of the great interest and enthusiasm for the project, as it is firmly believed that the project is going to be one of the main drivers in the emergence of new global markets based on tokenization of real-world assets (RWA) and usage of blockchain.

Piyush Goyal, minister for commerce and industry, on Friday launched two digital initiatives to resolve issues faced by exporters, bring transparency, and make exports more convenient. The Jansunwai Portal provides exporters with necessary information, clarifications, concerns, find the status of complaints and a video-conferencing facility to directly speak to officials of the various departments concerned with exports. «There wouldn't be need for running behind officials, the intention of the government is that nobody ever is required to come to commerce department's various wings,» Goyal said on the sideline of the Board of Trade Meeting in Mumbai.

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Honor 200 Lite 5G will be offered in three distinct color choices: Cyan Lake, Midnight Black, and Starry Blue. Promotional images reveal a sleek design that aligns with the brand’s focus on modern aesthetics.Key specifications of the upcoming device include a triple-lens rear camera system, highlighted by a 108MP primary sensor with an f/1.75 aperture. This is complemented by a depth sensor and a macro lens, with apertures of f/2.2 and f/2.4, respectively.

BNP Paribas (the bank) for certain deficiencies in statutory and regulatory compliance. The central bank has also imposed penalties on Hewlett Packard Financial Services (India), SMFG India Credit Company, and Muthoot Vehicle & Asset Finance for non-compliance with certain norms. In a statement, the RBI said the penalty has been imposed on the bank for non-compliance with certain directions issued by it on 'Interest Rate on Advances'. Giving details, it said the statutory inspection for Supervisory Evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2023.

light tank, Zorawar, a highly versatile platform being developed to boost the Army's combat capabilities along the frontier with China. The tank demonstrated «exceptional» performance, efficiently meeting all the intended objectives during the field trials conducted in desert terrain, the defence ministry said. The Defence Research and Development Organisation (DRDO) and the L&T Defence are developing the air-transportable 25-tonne tank that has been designed for rapid deployment largely along the frontier with China. Defence Minister Rajnath Singh described the successful trials of the Indian light tank as a «significant milestone» towards India's goal of self-reliance in critical defence systems and technologies.

digital public infrastructure to 50 countries in five years and currently it is being used in 15 countries, said Nandan Nilekani, non-executive chairman of Infosys, in response to a question from Werner Vogels, CTO, Amazon, here in Bengaluru, on Friday. They were addressing an event organised by e-commerce platform for artisans, Zwende, in which Vogels is an investor and advisor. Nilekani was giving a quick reckoner on digital public infrastructure that India has in identity, and payments, and was recounting his journey from 2009, from becoming the founding chairman of Unique Identification Authority of India (UIDAI) to Aadhaar-enabled KYC to opening of Jan Dhan bank accounts.

Nirmala Sitharaman on Friday met Nasdaq Executive Vice Chairman Edward Knight and shared key initiatives of the government and the potential investment opportunities in India. Knight led the delegation of the US-India Business Council and called upon the finance minister here. «FM Smt. @nsitharaman spoke about the key initiatives of Government of India and the potential #investment opportunities in India,» the finance ministry said in a post on X. Sitharaman also interacted with a delegation from the US International Development Finance Corporation led by Deputy Chief Executive Officer Nisha Biswal.

₹14,999. The higher-end version, featuring 8GB RAM and the same 128GB storage, is priced at ₹16,999. Customers will be able to choose between two color options: Nebula Purple and Space Grey.

German and Kenyan officials have signed an agreement to promote the recruitment of skilled Kenyan workers who can fill gaps in Germany’s labor market, and to facilitate the repatriation of Kenyans who don’t have the right to stay in Germany

India Yamaha Motor has unveiled a new variant of its popular 155cc motorcycle R15M equipped with a Carbon Fibre Pattern graphic design at Rs 2.08 lakh (ex-showroom Delhi). Equipped with 155cc liquid-cooled engine, the R15M variant aligns with Yamaha's 'Call of the Blue' brand campaign.

Mission Mausam" to improve weather understanding and forecasting through expanded observation networks, better modelling and advanced tools like AI and machine learning. The mission will explore «weather management» technologies and include creating a laboratory to artificially develop clouds, increasing the number of radars by over 150 per cent and adding new satellites, supercomputers and much more. Why is it needed? According to the Ministry of Earth Sciences, tropical weather forecasting remains challenging due to the complexity of atmospheric processes and limitations in current observation and model resolution. Observational data is relatively sparse, both spatially and temporally, and the horizontal resolution of Numerical Weather Prediction (NWP) models, currently at 12 kilometres, makes it difficult to accurately forecast small-scale weather events in India, it said.

Prime Video has launched Singapore-based Rewind Networks’ HITS as an add-on subscription at an annual price of Rs 299. HITS is a popular linear television channel and the home to some of the most iconic TV shows including Frasier, CSI: Crime Scene Investigation, Agatha Christie’s Poirot, Agatha Christie's Marple, Gilligan's Island, Mission: Impossible, Baywatch and I Dream of Jeannie, to Stephen King's IT, Law & Order: Special Victims Unit, Cheers, Bewitched, The Incredible Hulk, North and South, V: The Original Series, The Six Million Dollar Man, Quantum Leap, Hawaii Five-O, The Jeffersons and many more. With HITS, customers can watch TV shows according to a fixed linear broadcast schedule, while also getting the option to catch-up on content, post linear airing, as per their convenience.

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Subscribe to enjoy similar stories. Back in 2005, Priya Singh, then a 22-year-old social worker, stumbled upon her entrepreneurial journey when her husband, Mohit Dubey, decided to leave his job just two months into their marriage. While Dubey pursued his startup dreams, Singh financed their life by taking up a well-paying job in the government, supporting not just Dubey, but his two co-founders too—transforming their 2-bedroom apartment in Mumbai into a startup hub in 2005.

Nifty50 closed at 25,356.50, lower by 32.40 or 0.13%. Nifty fizzled out and closed with a minor loss and barring oil & gas, FMCG and healthcare, all sectors ended in the red as the market gave up its early gains on the last day of the week, said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal Financial Services, while commenting on the day's action.

Aries Agro Ltd.(up 2.85%), Zuari Agro Chemicals Ltd.(up 2.24%), Khaitan Chemicals & Fertilizers Ltd.(up 0.99%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.94%), Madras Fertilizers Ltd.(up 0.70%), Rama Phosphates Ltd.(up 0.67%), Nagarjuna Fertilizers and Chemicals Ltd.(up 0.40%), Madhya Bharat Agro Products Ltd.(up 0.38%), Krishana Phoschem Ltd.(up 0.34%) and Sikko Industries Ltd.(up 0.30%) stood among the top gainers.